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Money managers bullish over gold after first quarter surge
Financial turbulence, fall in US$ boost its appeal
Add BT as a preferred sourcePublished Mon, Apr 4, 2016 · 09:50 PM
Chicago
EVEN after a lacklustre March, money managers are betting the best performing commodity last quarter still has further to run.
While gold futures have dipped from a 13-month high, hedge funds are the most bullish since January 2015. The precious metal posted its biggest quarterly advance in three decades as turbulent financial markets and ebbing global economic growth boosted demand for it as a haven.
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